The common stock of Perforated Pool Liners, Inc. now sells for $44.00 per share. The table below shows the anticipated stock price and the dividend to be paid one year from now. Both the price and the dividend will depend on the level of growth experienced by the firm.

State	Probability, p(s)	End-of-Year Price	Annual Dividend
Super high growth	0.090	$56	$3
High growth	0.196	$54	$3
Normal growth	0.398	$56	$2
Low growth	0.186	$48	$2
No growth	0.130	$46	$0

a. Calculate the holding period return (HPR) for each of the possible states, assuming a one-year holding period. (Negative amounts should be indicated by a minus sign. Round your answer to 2 decimal places.)

b. What is the expected return for a holder of Perforated Pool Liners stock? (Round your answer to 2 decimal places.)

c. What is the standard deviation of the returns? (Round your answer to 2 decimal places.)